Founded in 2003, Tengfei inc. started beverage business and pioneered a new industry by bringing the non-fat bubble drinks
and nutritional smoothie to the eastside of America. Our goal is to fulfill our obligation to bring refreshing, enjoyable, and healthy
drinks to our customer. With this goal, Tengfei Inc. has quickly grown to 20 stores named “Jasmine Smoothie world & Bubble Tea”
in the major malls in Maryland, Pennsylvania and expanded its retail business to Washington D. C., Virginia, New Jersey, North
Carolina, Texas and etc. So far, Tengfei Inc. has built up the business relationship some large investment companies that are well
known for their retail mall business. These investment companies are the General Growth Properties, Westfield Corporation, the
Mills Company, the Simons, and the Preit, etc.

Tengfei Inc. is not only the exclusive registered franchise company in bubble tea business in the United States but also one of the
biggest bubble tea ingredients suppliers in the America. It has countless individual business owners and investors who wish to join
us as a franchise.

Proven by the market, Tengfei Inc. is growing rapidly in the east coast of America. Since the age-old drink of tea turned modern, it
has been propounding business opportunities for us. This can be seen, not to mention them all, in the west side of America,
Canada, Japan, China and Philippines. With our most popular cool, healthy and refreshing smoothies, we believe and will take the
opportunities to success.